Following Chinese President Xi Jinping’s state visit to the White House last week, the U.S. and China have moved the deadline for their trade truce, the Busan Agreement, back two months to Jan. 10. Under the agreement, the current 10% tariffs will hold steady while talks continue. The two countries also named a wide range of U.S. farm goods that could get tariff relief, including feed grains, cotton and meat.

Notably absent from the list were soybeans for crushing and food. Grain futures dipped when the announcement didn’t include new Chinese purchase commitments, and soybean sales to China for the new marketing year are still well behind last year’s pace.

While commodity leaders had hoped for a lower tariff rate, the two-month extension was seen as a positive step as both countries work toward long-term market opportunities for U.S. soybean growers. More meetings between the two leaders are expected before year’s end, so trade news could keep grain markets moving through harvest and into winter.

The American Soybean Association noted that it “welcomes the two-month extension of the U.S.-China trade truce and looks forward to continued dialogue between the two countries.”

Read more on the reaction to the agreement extension.